ITC to Acquire Century Pulp & Paper for ₹3,500 Crore in Slump Sale; Cyril Amarchand Mangaldas Advises

Cyril Amarchand Mangaldas advised ITC on its proposed acquisition of the pulp and paper business of Aditya Birla Real Estate, operated as Century Pulp & Paper (CPP), through a slump sale.

The deal is structured under a Business Transfer Agreement for a lump sum consideration of up to ₹3,500 crore on a cash-free, debt-free basis.

The acquisition is contingent upon obtaining necessary regulatory approvals, including clearance from the Competition Commission of India (CCI). 

The transaction marks a significant move in ITC’s strategic expansion in the paper and packaging segment.